Friday, October 28, 2011

9-9-9 PLAN or 9-1-1 PLAN?

For the last two years, the United States’ Gov’t has been pregnant with multiple promises, but none birth so far, mainly for two reasons. One, the promises were actually lies to begin with, and or two there are individuals standing in the way of those promises coming to fruition. I guess the saddest part about the stand being taken to put our economy back on track, is it comes at the cost of millions of Americans who either worked or are working hard every single day to make ends meet for their families.
Americans want a simple, understandable, and cheap way to get out of the state of emergency we are currently in, so when Herman Cain comes along explaining in the simplest form his "9-9-9 Plan," it doesn’t take long for many to jump on the band wagon. We hear words like “flat tax”, “same tax for everyone”, “scrapping the current taxes”….etc, and those words make the uninformed excited!
What we do not hear is the replacement of 9 percent taxes across the board will hit low- and middle-income families the hardest. Households making between $10,000 and $20,000 will see their taxes increase by nearly 950 percent and those that are already wealthy, (households with the highest incomes), however, would get big tax cuts. Those making more than $1 million a year would see their taxes cut nearly in half, on average.http://2011/10/18/999-plan-herman-cain_n_1018462.html
It is not a coincident that the wealthy and huge corporations are not being taxed as much as they should, and it is also not a coincident that politicians running for Presidency will always find away to gloss over that fact with these make shift promises that the “current” tax structure will change. That is of course if they are elected and Cain’s plan is no different. He promises to scrap current taxes on income, payroll, capital gains and corporate profits. He says he will replace them with a 9 percent tax on income, a 9 percent business tax and a 9 percent national sales tax. http://www.hermancain.com/about%22%3E%3C/a%3E Several polls have Cain at or near the top of the Republican field because of this rubbish, but if 9-9-9- was such a great idea, why has it not been put into place sooner? If this was such a great way to shift the economy forward, why not save millions of Americans’ jobs, homes and families by working with the current President on this plan. I will tell you why, because our current President thinks the plan would do exactly what it is designed to do, impose a "huge burden" on middle-class and working families. Making sure the wealthiest pay less – and replace the revenue with a sales tax hitting the less well-off.
Low and middle-income families will stay in a state of emergency by excepting the 9-9-9 Plan. So much so that I feel a year from its exceptence, it will become known as the 9-1-1 Plan. This is not a "New Deal" era, this is a "let's work together with what we have" era. Let's face it, we hear this same lie every year, and every year the rich are the ones who come out on top, because they are the ones funding political parties. In 2000 George W. Bush quoted his plan for the " flat/simpler tax" as being what Americans needed in order generate additional revenue. Sadly as time went on and he served his years as President, we soon saw that most of the tax cuts did not go to low- and middle-income Americans. And the tax code was still very unfair. In fact, the nonpartisan Tax Policy Center calculated that most of the tax cuts-53% to be exact-went to the highest-earning 10% of US individuals and families. Those most affluent Americans got an average tax cut of $7,661. And as for the “low- and middle-income Americans” Bush mentioned-the bottom 60% of individuals and families got only 13.7% of the tax cuts, a far cry from “most” of the cuts as claimed. http://www.issues2000.org/george_w__bush_tax_reform.htm
We may never be able to have the perfect tax structure, however, I still believe that I live in a country that could beat the odds and bring it's fellow countrymen out of a state of emergency and into a land of prosperity, but we must at least try!

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